An alternative to the Retirement Visa route exists in the financially independent visa for which candidates would need to be able to demonstrate a net asset value totalling not less that R12 million.
In addition, it would also be necessary to demonstrate proof of payment of R120,000 as a non-refundable sum to the Director General of Home Affairs. The application for a financially independent visa will lead to permanent residence.
Fill out the enquiry form on the right, to give us more information on your current status. Once we have all your information, we can assess whether or not you will qualify for the requested visa.
A number of tax and financial groups have issued warnings over a new draft bill which will introduce changes for South Africans looking to take their retirement funds out of the country. V.5327
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SAMI issues a monthly Newsletter to update you on topical immigration and related matters that we believe you should be aware of especially with regard to the procedures and rules pertaining thereto. These newsletters will provide you with useful information on any aspect of life related to immigration and relocation. If you are interested in a visa or just to visit you should subscribe to the Free Newsletter service of SAMI.